Replies to post #97 on Hess Corporation (HES)

[DewDiligence]

Agreed—you don't see stuff like that every day.

[OilStockReport]

Key points from my notes on HES:

Hess is a global integrated energy company that operates in two segments: exploration and production, and marketing and refining.

HES has a market cap of $20.68B and a P/E ratio of 7.40. Pickens initiated a brand new $11.5 million position in HES during the second quarter.

HES lost 17.94% since the end of June and two insiders purchased the stock since March. The stock closed at $75 at the end of June. Insider purchases were made when the stock price was $55 and $57 on August 9th and September 12th respectively.